New Independent Research Study Reveals Keys to Enabling Smarter Procurement

New study reveals challenges faced by organizations, the potential role of Artificial Intelligence and how to best realize its transformative potential

REDWOOD CITY, Calif.--()--In a keynote presentation at the Ivalua NOW conference in New York, Forrester Vice President, Principal Analyst Duncan Jones today revealed the results of a new study commissioned by Ivalua, a leading global Spend Management Cloud provider.

“This study shows the importance of a solid foundation to empowering a smarter procurement function”

The study, entitled “Enabling Smarter Procurement” looks at how modern software can help address Chief Procurement Officers’ new priorities. 433 respondents across North America and Europe were surveyed by Forrester Consulting as part of the study. The results provide a practical look at what challenges are keeping procurement leaders from making more informed, strategic decisions, the potential of innovative technologies such as Artificial Intelligence to transform decision-making, and what companies must do to realize the full potential of these new technologies today.

The study results will be presented again in a webcast scheduled for 11 AM Eastern Standard Time on June 13, 2018. The webcast will be hosted by Ivalua with a guest presentation by Duncan Jones and include live audience Q&A.

“This study shows the importance of a solid foundation to empowering a smarter procurement function,” said David Khuat-Duy, Corporate CEO of Ivalua. “Ivalua’s focus on delivering not just the latest applications of AI, but also accessible, high quality data to feed those applications, delivers real value to our customers today. It is because of such practical innovation that we have maintained the industry’s leading customer retention rate, at over 98%, year after year.”

About Ivalua

Ivalua is the Procurement empowerment platform. Recognized as a Leader by Gartner, Ivalua’s Source-to-Pay suite is leveraged by over 250 leading companies across the globe to manage over $500 Billion in direct and indirect spend. The platform’s combination of ease-of-use, depth, breadth and flexibility ensures high employee and supplier adoption, rapid time to value and the ability to meet unique or evolving requirements, evidenced by the industry’s leading 98%+ retention rate. Realize the possibilities at www.ivalua.com. Follow us at @Ivalua.

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Ivalua
Dannah Sanchez
Communications Manager
dsa@ivalua.com

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Release Summary

The study, entitled “Enabling Smarter Procurement” looks at how modern software can help address Chief Procurement Officers’ new priorities.